“Aptos blockchain’s integration with Indian social media platform Chingari led to a 900% surge in new user growth. This allowed instant on-chain features and the creation of a new wallet on Chingari, which lets users earn tokens through engagement and content creation. However, despite the gains, Aptos faces challenges like network outages and high competition from other blockchain platforms.”
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Web3 Social Media: Decentralization, Privacy, and the Debate on Content Control
Web3 social media platforms focus on decentralization, transparency, and user data ownership, leveraging technologies like AI, Machine Learning, and blockchain. Providing users with complete freedom and control, they incentivize engagement through token rewards and NFTs but face challenges in balancing freedom with content security.